NFSG Corp Acquires 7,442 Shares of BlackRock $BLK

NFSG Corp lifted its holdings in BlackRock (NYSE:BLK) by 7,833.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,537 shares of the asset manager’s stock after purchasing an additional 7,442 shares during the quarter. BlackRock comprises 0.8% of NFSG Corp’s holdings, making the stock its 29th biggest position. NFSG Corp’s holdings in BlackRock were worth $7,976,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Breakwater Capital Group raised its holdings in BlackRock by 3.8% during the 1st quarter. Breakwater Capital Group now owns 271 shares of the asset manager’s stock worth $261,000 after buying an additional 10 shares during the period. Stronghold Wealth Management L.L.C. lifted its stake in BlackRock by 2.9% in the first quarter. Stronghold Wealth Management L.L.C. now owns 359 shares of the asset manager’s stock valued at $345,000 after buying an additional 10 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of BlackRock by 1.8% in the second quarter. Financial Management Professionals Inc. now owns 564 shares of the asset manager’s stock valued at $542,000 after buying an additional 10 shares during the period. JNBA Financial Advisors boosted its holdings in shares of BlackRock by 1.4% in the second quarter. JNBA Financial Advisors now owns 706 shares of the asset manager’s stock valued at $679,000 after buying an additional 10 shares during the period. Finally, McGlone Suttner Wealth Management Inc. increased its position in shares of BlackRock by 0.8% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 1,205 shares of the asset manager’s stock worth $1,275,000 after acquiring an additional 10 shares in the last quarter. 80.69% of the stock is owned by institutional investors.

More BlackRock News

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Q3 beat: BlackRock reported adjusted EPS of $15.93, above the $14.32 consensus, while revenue rose 19.1% year over year to $7.75 billion, ahead of the $7.42 billion estimate. BlackRock Q3 earnings report
• Positive Sentiment: Record inflows and AUM: The firm attracted approximately $205 billion in quarterly net inflows, helping assets under management reach about $15.5 trillion. Strong demand for iShares ETFs, fixed-income products and private-market strategies supports recurring fee growth. BlackRock Q3 profit rises on inflows
• Positive Sentiment: Analysts raised targets: JPMorgan lifted its price target to $1,449 with an overweight rating, while Keefe, Bruyette & Woods raised its target to $1,310 and maintained an outperform rating. Bank of America also reiterated a buy rating and raised its target to $1,313. Analysts raise BlackRock forecasts
• Positive Sentiment: Growth initiatives: Management highlighted AI infrastructure financing, technology revenue, margin expansion and fundraising in private markets as potential drivers of future growth, including a developing opportunity in the compute market. BlackRock earnings call on AI financing
• Neutral Sentiment: Crypto exposure remains mixed: BlackRock’s crypto ETF assets reportedly increased sharply during the quarter, but bitcoin and ether ETFs subsequently recorded roughly $391 million in combined one-day outflows, creating near-term sentiment risk. Bitcoin and Ether ETF flows
• Negative Sentiment: Macro and execution risks: CEO Larry Fink warned that halting data-center construction could damage growth and trigger a recession. BlackRock is also reducing U.S. stock exposure in favor of Treasuries, while UBS expects the firm to exit several 2030 targets early—potentially signaling that some long-term goals may be difficult to achieve. Larry Fink data-center warning

BlackRock Price Performance

NYSE BLK opened at $1,123.32 on Friday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,209.89. The company has a market capitalization of $173.97 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.41. The firm’s 50 day moving average is $1,106.32 and its 200-day moving average is $1,062.35.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 EPS for the quarter, topping analysts’ consensus estimates of $14.32 by $1.61. BlackRock had a net margin of 24.22% and a return on equity of 16.08%. The business had revenue of $7.75 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same quarter in the previous year, the firm posted $8.43 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Equities research analysts anticipate that BlackRock will post 55.70 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, September 8th. BlackRock’s payout ratio is presently 52.11%.

Analyst Ratings Changes

Several brokerages have recently issued reports on BLK. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,258.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. Morgan Stanley cut their price objective on shares of BlackRock from $1,479.00 to $1,468.00 and set an “overweight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of BlackRock from $1,435.00 to $1,449.00 and gave the stock an “overweight” rating in a research note on Thursday. Wells Fargo & Company upped their target price on shares of BlackRock from $1,230.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Truist Financial set a $1,310.00 target price on BlackRock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $1,312.06.

BlackRock Company Profile

BlackRock, Inc is a global investment management and financial technology company serving individual investors, institutions, governments and financial professionals. The company provides investment management, risk management and advisory services across a broad range of asset classes, including equities, fixed income, multi-asset strategies, alternatives and cash management.

BlackRock offers investment products through mutual funds, exchange-traded funds and other vehicles. Its iShares brand is one of the company’s principal platforms for exchange-traded funds, providing access to domestic and international markets, industry sectors, bonds, commodities and specialized investment strategies.

The company also provides technology and analytical solutions through its Aladdin platform, which is used by asset managers, institutional investors and other financial organizations for portfolio management, risk analysis, trading and operational support.